April 17, 2014

ASA: Fed Reports Economic Activity Increased Around Most of the U.S.

Published April 17, 2014 ■ Headline News

American Staffing Association (04/17/14)

Economic activity increased in most regions of the U.S. in the early spring, according to the Federal Reserve Board’s latest report on regional economies (known as the “beige book”). Consumer spending and manufacturing increased in most districts. Labor market conditions were mixed but generally positive, and several districts reported difficulty finding skilled workers. Two major New York staffing firms reported that labor demand has strengthened, especially in the financial sector, and a company in Minnesota noted an increase in the rate of temporary employees becoming permanent hires.

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Ortoli | Rosenstadt: What Exactly Is a Seller Responsible for When Selling Its Staffing Firm?

Buyers of a business generally expect sellers to be responsible for certain liabilities relating to when the seller owned its business—a concept mergers and acquisitions professionals refer to as indemnification. Indemnification is one of the most heavily negotiated, and potentially most significant, provisions of a purchase agreement, and understanding the terminology common to such agreements is essential when negotiating a deal. Attorney Paul Pincus of Ortoli Rosenstadt LLP explains what sellers are liable for, how a seller’s liability may be limited, and how buyers may seek to fund potential indemnity claims.

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Jobless Claims in U.S. Hover Near Lowest Level Since 2007

Published April 17, 2014 ■ Headline News

Bloomberg (04/17/14) Victoria Stilwell

The number of people applying for unemployment benefits in the week ended April 12 rose by 2,000 to 304,000, according to the U.S. Department of Labor. Economists surveyed by Bloomberg had forecast claims of 315,000. The four-week moving average of new claims dropped by 4,750 to 312,000, the lowest level since October 2007.

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Yellen Says Job Weakness Forestalls Raising Rates

Published April 17, 2014 ■ Headline News

New York Times (04/16/14) Nelson D. Schwartz

U.S. Federal Reserve chairman Janet Yellen said in a speech yesterday that she expects interest rates to remain very low until the recovery is on more secure footing and the American economy more fully engages available workers and other resources. The housing and auto industry is rebounding, but a healthy and robust job market is “more than two years away,” she said. She noted that the risk of inflation rising above the Fed’s 2.0% target is less of a danger than too little inflation.

Even though the unemployment rate is at 6.7% and continues to fall, Yellen said that other indicators demonstrate a less healthy job market with more people taking on just part-time work and a large portion of workers dropping out of the workforce altogether. Yellen said the Fed must remain “nimble” to respond to the “twists and turns” of a slowly recovering economy.

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Read Staffing Success Magazine Now OnlineM

Published April 17, 2014 ■ ASA for You

This content is for ASA members only.

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What’s Trending on ASA Central Right NowM

Published April 17, 2014 ■ ASA for You

This content is for ASA members only.

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ASA Updates Certification Study Materials to Include ACA Content

Published April 17, 2014 ■ ASA for You

Keeping pace with employment law changes can be a challenge for busy staffing professionals. Earlier this year, the U.S. Department of the Treasury and U.S. Internal Revenue Service released final rules on the “play or pay” laws related to the Affordable Care Act. As your partner in professional development, ASA has already updated its certification programs to reflect these changes.

More than 6,000 staffing and recruiting professionals across the nation have earned Certified Staffing Professional^®, Technical Services Certified^SM, and Certified Search Consultant^® credentials, and are touting this competitive advantage with their clients. Why not compete on the same level and join them today? Becoming certified will help you stay abreast of current state and federal employment laws, strengthen your consultative relationship with your clients, and boost your earning potential by investing in your professional development.

Individuals who are currently studying for the CSP^® or TSC^SM exam received a link to the updated study materials. If you have questions, contact ASA at asacertification@americanstaffing.net or 703-253-2020.

Free ASAPro Webinar Next Month—Improving Client Relationships

Published April 17, 2014 ■ ASA for You

Are you looking for ways to take your client relationships to the next level? Learn how to bring clients through the sales process effectively during the ASAPro webinar “What Every Staffing Professional Should Know About Earning Commitments From Clients.” It takes place Tuesday, May 6, 3–4 p.m. Eastern time.

All ASAPro webinars are free for ASA members, and most qualify for continuing education hours toward ASA certification renewal. To learn more and to register, visit americanstaffing.net.

ASA Staffing Law Conference Nearly Sold Out—Register Now

Published April 17, 2014 ■ ASA for You

Don’t miss the 2014 ASA Staffing Law Conference, May 21–22 in Washington, DC. Last year’s conference attracted a sold-out crowd, and limited seating remains for this year’s event—the premier program dedicated to the legal issues affecting the staffing and recruiting business.

The conference agenda includes a panel discussion on the Affordable Care Act’s employer mandate, a look at the U.S. Occupational Safety and Health Administration’s temporary worker safety initiative, and a preview of the upcoming congressional elections.

Visit americanstaffing.net today for session descriptions, travel and hotel details, and to register.

Michigan Unemployment Insurance Agency Mandates Electronic Filing of Wage and Tax ReportsM

Published April 17, 2014 ■ Legal Watch

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Wisconsin Enacts Law Blocking Employers From Obtaining PasswordsM

Published April 17, 2014 ■ Legal Watch

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Headlines: April 17, 2014

Headline NewsASA: Fed Reports Economic Activity Increased Around Most of the U.S.

Jobless Claims in U.S. Hover Near Lowest Level Since 2007

Yellen Says Job Weakness Forestalls Raising Rates

ASA for YouRead Staffing Success Magazine Now OnlineM

What’s Trending on ASA Central Right NowM

ASA Updates Certification Study Materials to Include ACA Content

Free ASAPro Webinar Next Month—Improving Client Relationships

ASA Staffing Law Conference Nearly Sold Out—Register Now

Legal WatchMichigan Unemployment Insurance Agency Mandates Electronic Filing of Wage and Tax ReportsM

Wisconsin Enacts Law Blocking Employers From Obtaining PasswordsM

Trends and ResearchCompanies Say It’s Tougher to Keep Skilled Employees, New York Fed Survey FindsM

Dangerously Stressful Work Environments Force Workers to Seek New EmploymentM

American Workers Struggle to Fully Enjoy Their Time Out of the OfficeM

ASA: Fed Reports Economic Activity Increased Around Most of the U.S.

Ortoli | Rosenstadt: What Exactly Is a Seller Responsible for When Selling Its Staffing Firm?

Jobless Claims in U.S. Hover Near Lowest Level Since 2007

Yellen Says Job Weakness Forestalls Raising Rates

Read Staffing Success Magazine Now OnlineM

What’s Trending on ASA Central Right NowM

ASA Updates Certification Study Materials to Include ACA Content

Free ASAPro Webinar Next Month—Improving Client Relationships

ASA Staffing Law Conference Nearly Sold Out—Register Now

Michigan Unemployment Insurance Agency Mandates Electronic Filing of Wage and Tax ReportsM

Wisconsin Enacts Law Blocking Employers From Obtaining PasswordsM

Companies Say It’s Tougher to Keep Skilled Employees, New York Fed Survey FindsM

Dangerously Stressful Work Environments Force Workers to Seek New EmploymentM

American Workers Struggle to Fully Enjoy Their Time Out of the OfficeM

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